Ryman completes retail offer

13th March 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Ryman Healthcare Limited says it has successfully completed the retail entitlement offer component of its $1bn capital raise.

“The retail entitlement offer was well-supported in the current market climate, with eligible retail shareholders subscribing for approximately $119m of new fully paid ordinary shares in Ryman, including approximately $11m of oversubscriptions,” said the company this morning.

“The effective take up rate by eligible retail shareholders was approximately 42%. The approximately 53 million of new shares not taken up under the retail entitlement offer have been allocated to the underwriters and/or to sub-underwriters procured by the underwriters including a range of existing institutional shareholders.”

Chief executive Naomi James said: “This capital raising will enhance Ryman’s financial stability and resilience in the current market climate and provide the platform required to achieve an improved level of performance and return to growth as market conditions recover.”